The Government of India has ratified the Employees’ Provident Fund (EPF) interest rate at 8.25% for the financial year 2024-25, ensuring stable returns for over 7 crore subscribers. The Employees’ Provident Fund Organisation (EPFO) will soon credit the interest amount to members’ accounts. Government Approval and EPFO Decision The Central Board of Trustees (CBT) of…
Blue Water Logistics Ltd, a leading multimodal transport services provider, has announced its initial public offering (IPO) with a price band of ₹132–135 per share. The IPO will open for subscription on May 27, 2025, and close on May 29, 2025. The shares are set to be listed on the NSE Emerge platform. IPO Details…
India has officially overtaken Japan to become the world’s fourth-largest economy, reaching a $4 trillion GDP milestone, according to NITI Aayog CEO BVR Subrahmanyam. The announcement was made during the 10th Governing Council Meeting of NITI Aayog, citing International Monetary Fund (IMF) data. India’s Economic Growth and Global Ranking India now ranks behind only the…
Tata Motors Ltd is set to undergo a strategic demerger, splitting its Commercial Vehicles (CV) and Passenger Vehicles (PV) businesses into two independently listed entities. The move, approved by shareholders in early FY26, is expected to be effective in the second half of 2025, according to Chairman N Chandrasekaran. Strategic Clarity and Growth Focus The…
Glenmark Pharmaceuticals Ltd has reported a strong financial turnaround in the fourth quarter (Q4) of FY25, posting a net profit of ₹4.7 crore, compared to a loss of ₹1,218 crore in the same period last year. The company’s consolidated revenue for the quarter rose 6.3% YoY to ₹3,256 crore, driven by growth in India and…
KSH International Ltd, a leading magnet winding wire manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch a ₹745-crore initial public offering (IPO). The IPO comprises a fresh issue of ₹420 crore and an offer-for-sale (OFS) of ₹325 crore by promoters. IPO Fund Utilization and Expansion Plans The company plans to…
Nikita Papers Ltd, a leading Kraft paper manufacturer, is set to launch its initial public offering (IPO) on May 27, 2025, with a price band of ₹95-104 per share. The IPO will remain open for subscription until May 29, and the shares will be listed on the NSE SME platform, Emerge. IPO Details and Fund…
Finolex Industries Ltd has reported a 5% year-on-year (YoY) decline in revenue, totaling ₹1,171.8 crore for the March quarter of FY25. The company’s EBITDA fell 18% YoY, settling at ₹171.3 crore, while its EBITDA margin contracted to 14.62%, down from 16.9% in the previous fiscal. Financial Performance and Market Trends Despite the revenue decline, Finolex…
HBL Engineering Ltd has reported a 40.7% year-on-year (YoY) decline in EBITDA, falling to ₹78 crore in the January-March quarter of FY25. The company’s EBITDA margin contracted to 16.94%, down from 21.74% in the same period last year. Revenue and Profit Decline in Q4 FY25 HBL Engineering’s total revenue dropped 24% YoY, reaching ₹459.8 crore,…
Aditya Birla Fashion and Retail Ltd (ABFRL) has reported a net loss of ₹23.55 crore for the fourth quarter (Q4) of FY25, marking a significant improvement from the ₹266.36 crore loss recorded in the same period last year. Despite the loss, the company’s revenue from operations grew 9.2% YoY, reaching ₹1,719.48 crore. Financial Performance and…
